In a dramatic turn of events, the 'deleted' phone conversations belonging to Perpetual Treasuries Private Limited were played before the Presidential Commission of Inquiry Into the Treasury Bonds issue, this morning.

The Criminal Investigations Department (CID) had recovered the conversations which had been deleted from the communications system of the company.

The telephone conversations revealed that Perpetual Treasuries owner Arjuna Aloysius had given inside information to its CEO Kasun Palisena on the Treasury Bonds auction and bids.

They also revealed that Aloysius, the son-in-law of former Central Bank Governor Arjuna Mahendran received confidential and sensitive information on the auction.

During the telephone conversations with Palisena, Aloysius had attributed inside information to his "friends from powerful places."

It was earlier revealed that the telephone conversations were deleted from the internal system of the company on the instructions of its CEO Palisena.

PTL Chief Dealer Nuwan Salgado also appeared before the commission to give his evidence.

It is learnt that Aloysius will be summoned to testify before the Presidential Commission soon.